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Social Business:
A Shiny Object or Your Golden Ticket!

Kimberly Edwards,
Senior Product Marketing Manager
@kimberlyedwards




#otew2012

                                        Copyright © OpenText Corporation. All rights reserved.
Let’s Connect!




      @kimberlyedwards
       #OTEW2012
           #CEM
What are we going to talk about
 OpenText’s social media philosophy
 Applying social business externally
 OpenText use case
 Applying social business internally
 Delivering a social business framework
 Q&A




3
Shiny Object or Golden Ticket?




                                 4
There is no Magical Pill!


“Success will follow
integration, proper
planning and execution
of a plan that aligns
with your business
goals…”



 Social Business: It’s NOT about the Next Big Thing!
 By: Pam Moore
Our social media philosophy



                              Customer Support

   Social media is not        Marketing Strategy
   a strategy, it should
    support a strategy          Knowledge
                                Management
                                  Product
                                Development




                                                   2
Social Media: applicable to one or multiple
business processes




                            Source: Dachis Group
Social Business: illustrated
Tapping into the collective intelligence in the
Enterprise to develop new ideas and solutions for
increased profitability and growth.
Breaking down the silos to encourage and equip
collaborative decision-making across the Enterprise.
Inspiring a better way to work by moving the
monologues in emails to dialogues in a community
setting.
Shifting the communication method from top down to
many to many, facilitating more participative and
collaborative communications.
Connecting teams and their skills on a global scale to
improve and enhance collaborative business
relationships.
Creating a system of engagement to increase value
and adoption, tied to a system of record that is secure
and governed.
Facebook for the Enterprise?




17
Call to Action:
   Apply Social Media to the Enterprise Externally




http://mashable.com/2009/06/30/social-media-enterprise/
     5
Research and Learn about Your Customers




 6
When customers
      experience problems
      attempting to conduct
      an online
      transaction, 78% share
      their experience with
      others*



*Tealeaf Annual Survey of Online Customer Behavior, conducted by Harris Interactive
      7
74% said when they
          read a negative
          comment online, it
          influences their
          likelihood to do
          business with the
          company*



*Tealeaf Annual Survey of Online Customer Behavior, conducted by Harris Interactive
      8
Respond



                            Monitor




                             React



Image owned by DreamWorks
Create Communities to Foster Relationships




 9
Build a Reputation of Expertise




 10
Ramp up Your Networking




  11
Learn from Others




12
Create New Channels for Conversation


 It’s not enough for
 customers to follow or
 friend a brand. They
 want to experience the
 brand through open
 conversation.




  13
External Use Case Examples




 14
Giving Customers a Voice




http://www.opentext.com/2/global/sso_download_open?docpath=/corporate/customer/casestudy/qad-1209-en.pdf
  15
Encouraging Participation and Cultivating Communities




  16
Call to Action:
Apply Social Media to the Enterprise Internally




17
Build Connections and Create a Network




  19
Enable Conversations




20
Encourage Transparency
Enable Teams to Work Together
Cultivate Communities




 22
Create and Innovate Collectively




 24
Converse and share with your Customers




  25
Social Media Risk vs. Rewards



 Recent research by Iron
 Mountain revealed that
 as many as 74% of
 businesses have
 banned social media.




  34
Social Compliance




33
Social Compliance – Records Mgmt & Archival




 35
Can I measure
                                                                      Social
                                                                 Business?

Copyright © OpenText Corporation 2011. All rights reserved.
What KPIs are impacted by Social Business?
    At the Enterprise Leadership Level…

    Time to Market for New and Improved Products and Services
    Talent Retention Percentage
    Return on Capital Employed (margin)
    Sales, General and Admin Expenses as a Percentage of Revenue.
    Percentage of IT Contribution to Return on Total Assets

    Idea Conversion Rate
    Engagement to Effectiveness Ratio
    Percentage of KPIs that are green (within set goals)
    Percentage of KPIs improved compared to the previous measurement
    Percentage of KPI improvement compared to the previous measurement

                                                   Engage the
                        OpenText Value Engineering Team for
                         help building a Social Business Case

  Slide 43
Measuring it’s Use: Social Analytics
Drill Down Reports
  Ability for business users to
   drill into report data to obtain
   more detailed information.




 Slide 45
OpenText Leveraging Social Collaboration




  46
Questions

Kimberly Edwards
Senior Product Marketing Manager
Email: kedwards@opentext.com
Twitter @kimberlyedwards


Visit our website.


Connect with us

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Social business a shiny object or a golden ticket

  • 1. Social Business: A Shiny Object or Your Golden Ticket! Kimberly Edwards, Senior Product Marketing Manager @kimberlyedwards #otew2012 Copyright © OpenText Corporation. All rights reserved.
  • 2. Let’s Connect! @kimberlyedwards #OTEW2012 #CEM
  • 3. What are we going to talk about  OpenText’s social media philosophy  Applying social business externally  OpenText use case  Applying social business internally  Delivering a social business framework  Q&A 3
  • 4. Shiny Object or Golden Ticket? 4
  • 5. There is no Magical Pill! “Success will follow integration, proper planning and execution of a plan that aligns with your business goals…” Social Business: It’s NOT about the Next Big Thing! By: Pam Moore
  • 6. Our social media philosophy Customer Support Social media is not Marketing Strategy a strategy, it should support a strategy Knowledge Management Product Development 2
  • 7. Social Media: applicable to one or multiple business processes Source: Dachis Group
  • 9. Tapping into the collective intelligence in the Enterprise to develop new ideas and solutions for increased profitability and growth.
  • 10. Breaking down the silos to encourage and equip collaborative decision-making across the Enterprise.
  • 11. Inspiring a better way to work by moving the monologues in emails to dialogues in a community setting.
  • 12. Shifting the communication method from top down to many to many, facilitating more participative and collaborative communications.
  • 13. Connecting teams and their skills on a global scale to improve and enhance collaborative business relationships.
  • 14. Creating a system of engagement to increase value and adoption, tied to a system of record that is secure and governed.
  • 15. Facebook for the Enterprise? 17
  • 16. Call to Action: Apply Social Media to the Enterprise Externally http://mashable.com/2009/06/30/social-media-enterprise/ 5
  • 17. Research and Learn about Your Customers 6
  • 18. When customers experience problems attempting to conduct an online transaction, 78% share their experience with others* *Tealeaf Annual Survey of Online Customer Behavior, conducted by Harris Interactive 7
  • 19. 74% said when they read a negative comment online, it influences their likelihood to do business with the company* *Tealeaf Annual Survey of Online Customer Behavior, conducted by Harris Interactive 8
  • 20. Respond Monitor React Image owned by DreamWorks
  • 21. Create Communities to Foster Relationships 9
  • 22. Build a Reputation of Expertise 10
  • 23. Ramp up Your Networking 11
  • 25. Create New Channels for Conversation It’s not enough for customers to follow or friend a brand. They want to experience the brand through open conversation. 13
  • 26. External Use Case Examples 14
  • 27. Giving Customers a Voice http://www.opentext.com/2/global/sso_download_open?docpath=/corporate/customer/casestudy/qad-1209-en.pdf 15
  • 28. Encouraging Participation and Cultivating Communities 16
  • 29. Call to Action: Apply Social Media to the Enterprise Internally 17
  • 30. Build Connections and Create a Network 19
  • 33. Enable Teams to Work Together
  • 35. Create and Innovate Collectively 24
  • 36. Converse and share with your Customers 25
  • 37. Social Media Risk vs. Rewards Recent research by Iron Mountain revealed that as many as 74% of businesses have banned social media. 34
  • 39. Social Compliance – Records Mgmt & Archival 35
  • 40. Can I measure Social Business? Copyright © OpenText Corporation 2011. All rights reserved.
  • 41. What KPIs are impacted by Social Business? At the Enterprise Leadership Level… Time to Market for New and Improved Products and Services Talent Retention Percentage Return on Capital Employed (margin) Sales, General and Admin Expenses as a Percentage of Revenue. Percentage of IT Contribution to Return on Total Assets Idea Conversion Rate Engagement to Effectiveness Ratio Percentage of KPIs that are green (within set goals) Percentage of KPIs improved compared to the previous measurement Percentage of KPI improvement compared to the previous measurement Engage the OpenText Value Engineering Team for help building a Social Business Case Slide 43
  • 42. Measuring it’s Use: Social Analytics
  • 43. Drill Down Reports  Ability for business users to drill into report data to obtain more detailed information. Slide 45
  • 44. OpenText Leveraging Social Collaboration 46
  • 45. Questions Kimberly Edwards Senior Product Marketing Manager Email: kedwards@opentext.com Twitter @kimberlyedwards Visit our website. Connect with us